By Franca Ofili,
Nigeria’s population is currently put at about 194 million people, while the United Nations estimates that the figure will rise to 400 million by 2050.
By that estimate, Nigeria will be the most populous country in the world after
China and India.
However, available data put Nigeria’s housing deficit at 17 million.
Aware of the consequences of fast growing population on the housing sector, various governments had put measures in place to address the housing challenge.
The measures and policies include-enactment of the Land Use Act of 1978, Mortgage Institutions Act, 1989, Federal Housing Authority Act, 1990, National
Urban Development Policy, 1997, Housing and Urban Development Policy, 2002, among others.
In spite the numerous policies, and the Land Use Act, meant to liberalise land acquisition for housing, stakeholders noted that not much have been achieved.
They stressed the need to adopt strategies that would boost…
Source: News Agency of Nigeria
